Grimes & Company Inc. Acquires 56 Shares of Chubb Limited (NYSE:CB)

Grimes & Company Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,923 shares of the financial services provider’s stock after buying an additional 56 shares during the period. Grimes & Company Inc.’s holdings in Chubb were worth $531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. Continuum Advisory LLC grew its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the third quarter worth approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Piper Sandler boosted their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $288.17.

Chubb Stock Up 0.1 %

Shares of CB opened at $266.71 on Friday. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $276.24 and a two-hundred day simple moving average of $278.65.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.95 earnings per share. Research analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.